HB 426

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pen Cd-Trs Self-Managed Plan

Abstract

Amends the Downstate Teacher Article of the Illinois Pension Code. Directs the System to establish a self-managed plan. The plan applies only to teachers whose employers adopt the plan and only to teachers who make an election to participate in the plan. Specifies the terms and contents of the plan and the method of electing to participate. Defines terms. Contains a new benefit increase exception. Makes conforming changes to the Retirement Systems Reciprocal Act (Article 20 of the Code). Effective immediately.

Bill Sponsors (1)

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Actions


Jan 10, 2017

House

Session Sine Die

Jan 30, 2015

House

First Reading

House

Referred to Rules Committee

Jan 28, 2015

House

Filed with the Clerk by Rep. Thomas Morrison

Bill Text

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